Apollo Approved to Acquire Canadian Casino Giant

On Thursday, Wall Street buyout fund Apollo Global Management revealed that the court had approved its plan to acquire Great Canadian Gaming.

Great Canadian shareholders supported the motion for this deal last week. This was followed by the blessing of the Supreme Court of British Columbia.

Apollo Global Management first made it known to Great Canadian that it was interested in bidding between C$38 and C$41 per share in August. At the beginning of November, the private equityN8 Casino App – Download Free company submitted a formal offer of C$39 per share before the casino operator.

A good number of Great Canadian shareholders protested against Apollo's initial offer of C$3.3 billion, which is approximately $2.5 billion. It argued tN8 Game – Top Online Casino in Indiahat this offer was not a true reflection of the value of the casino operator. This was especially valid when the fact that this casino operaN8 Login – Access Your Casino Accounttor was in control of gambling centers in the Greater Toronto region.

Changes to The Deal

Due to pressure from some of the most significant shareholders of Great Canada, Apollo Global Management made its deal more appealing by almoN8 Casino: लाइव कैसीनो गेम्स का राजाst 16%. With this, the deal increased to C$45 for each share. The improved offer was a reflection of the casino firm’s share price before the pandemic became a force in FebruaryN8 Uwin – India’s Popular Online Casino Platform. With the coming of the pandemic, it had to close its properties in Canada for several months.

A meeting was held on the 23^rd of December. In this meeting, about 79% of the Great Canadian shareholders were in support of the improved deal.

After getting the Supreme Court's approval and securing the shareholder vote, the deal needs regulatory approval before it gets closed.

Transaction Should be Closed in the Second Quarter

Apollo is on the right path in ensuring that the deal is closed in the second quarter of 2021. As soon as this is done, Great Canadian will no longer be a part of the Toronto Stock Exchange. AN8 Casino APK – Download for Androidccording to Apollo, acquiring the casino operator will bring growth to its business because its financial flexibility will become longUwin N8 Casino – Top Indian Online Casino-term for a firm that is privately owned.

About Great Canadian

Great Canadian was established in 1982. It runs 26 casinos and hospitality facilities in Ontario, Nova Scotia, New Brunswick, and BritiN8 Login – Access Your Casino Accountsh Columbia. Due to the effect of coronavirus related restrictions, in Ontario, only two of the firm's properties are running. They are Casino Nova ScotiaN8ग्राहक सहायता – 24x7 उपलब्ध Sydney that runs at a capacity of 20%, and Casino New Brunswick which runs at a total of 25%.N8 India – Real Money Casino Games & Instant Withdrawal

Apollo has decided to put its funds into the Canadian casino operator after being involved in the global gambling sector for a long time. ThN8 Game – Top Online Casino in Indiae private equity fund had been in the headlines regularly in the last couple of months as it announces investments of different sizes.

Apollo backed this gambling operator made it known that it put in €500 million into SAZKA Group, a Czech lottery operator. This was in N8रजिस्ट्रेशन गाइड – स्टेप बाय स्टेपNovember in a bid to support an attempt to get the UK National Lottery from Camelot.

Gamenet, a gambling operator backed by Apollo, made it known in December that it was working on owning IGT’s Italian B2C business. ThiN8 Game – Top Online Casino in Indias was going to go down in a €950 million cash transaction.

Apollo also participated in the bid to acquire William Hill. However, the request came to an end rather rapidly because William Hill agreed to an offer put up by CaesaN8लॉगिन – तेज़ और आसान पहुँचrs Entertainment, Inc. The online casino operator plans to put up William Hill’s operations out of the United States for sale. It wants to do this after the close of the takeover, which will occur later in the year. It N8निकासी प्रक्रिया – तेज़ और सुरक्षितturns out Apollo is interested in this deal.